Posted inJUDGEMENT Unusual & Sudden Spurt In Client Code Modifications Undertaken By Brokers Was With An Intention To Evade Taxes: ITAT Mumbai November 10, 2021
Posted inJUDGEMENT There Is A Difference Between “Issue” Of Notice And “Service” Of Notice: ITAT Pune November 9, 2021November 9, 2021
Posted inJUDGEMENT Damages Received For Breach Of Development Agreement Are Capital In Nature & Not Chargeable To Tax: ITAT Mumbai November 5, 2021
Posted inJUDGEMENT Bogus Share Capital Premium- The Test Of Human Probabilities Cannot Be Applied To Business Transactions: ITAT Bangalore November 4, 2021November 4, 2021
Posted inJUDGEMENT The Fact That “Long-Term Capital Gains” On Listed Shares Are Exempt From Tax Does Not Mean That “Long-Term Capital Loss” On Such Shares Is Not Available For Set-Off Against Taxable Income: ITAT Kolkata November 3, 2021November 3, 2021
Posted inJUDGEMENT Violations Of Tax Laws By New Assessees Occur Because Of Lack Of Proper Advice: ITAT Chandigarh November 2, 2021
Posted inJUDGEMENT If The Case Is Selected For Limited Scrutiny Of A Specific Issue, The AO Has No jurisdiction To Make Additions Or Disallowances On Other Issues: ITAT Chandigarh November 1, 2021
Posted inJUDGEMENT The Assessee Has The Option To Determine The Fair Market Value Of Shares Either Under The DCF Method Or The NAV Method: ITAT Mumbai October 31, 2021October 31, 2021
Posted inJUDGEMENT The Valuation Of Shares Should Be Made On The Basis Of Various Factors And Not Merely On The Basis Of Financials: ITAT Delhi October 30, 2021
Posted inJUDGEMENT The Fact That A Scam Has Taken Place In Some Penny Stocks Does Not Mean That All Transactions In Penny Stocks Can Be Regarded As Bogus: ITAT Mumbai October 25, 2021October 25, 2021
Posted inJUDGEMENT The AO Cannot, After Conclusion of Proceedings u/s 147, Take Aid of Explanation 3 to Section 147 to Make Any Addition u/s 154 October 21, 2021
Posted inJUDGEMENT Mistake of Counsel May Be Taken Into Account in Condoning Delay: ITAT Amritsar October 18, 2021
Posted inJUDGEMENT The Legislative Intent is to Apply Section 56(2)(viib) Where Unaccounted Money Received in Garb of Share Premium October 17, 2021
Posted inJUDGEMENT The Words “In India” Cannot be Read Into Section 54F When Parliament in Its Legislative Wisdom Has Deliberately Not Used the Words: ITAT Bangalore October 15, 2021October 15, 2021
Posted inJUDGEMENT Amendment w.e.f. AY 2014-15 Will Not Apply to A Purchase Transaction of Immovable Property For Which Full Consideration is Paid Pre-Amendment: ITAT Ranchi October 14, 2021
Posted inTC HOW TO FILE AN APPEAL WITH INCOME TAX APPELLATE TRIBUNAL (ITAT) ?? by CA Heer Gajjar October 13, 2021October 13, 2021
Posted inJUDGEMENT The Tendency to Perceive Delay As A Non-Serious Matter Should be Discouraged: ITAT Delhi October 13, 2021October 13, 2021
Posted inJUDGEMENT The Loss Arising to Assessee for Cancellation of Its Shares Pursuant to Reduction of Capital Should be Allowed as Long Term Capital Loss: ITAT Mumbai October 12, 2021
Posted inJUDGEMENT The Only Requirement For Granting Registration Under Section 11/ 12AA of the Income Tax Act is That The Objects of The Society Should be Charitable in Nature and Activities are Genuine: ITAT Amritsar October 9, 2021October 9, 2021
Posted inINCOME TAX Payment Made by An Indian Company to A Foreign Celebrity For Appearance in A Product Launch in Foreign Which Was For the Business in India, is Taxable: ITAT Mumbai October 8, 2021October 8, 2021
Posted inJUDGEMENT Where the Deductor has Deducted Tax at Source But Has Not Deposited the Tax with the Government, the Assessee Cannot be Made to Suffer: ITAT Delhi October 7, 2021October 7, 2021
Posted inJUDGEMENT A Representative Office of a Foreign Enterprise is Not a Taxable Unit. Foreign Enterprise is the Taxable Unit: ITAT Mumbai October 5, 2021October 5, 2021
Posted inJUDGEMENT An Indian Taxpayer is Not Entitled to Claim Refunds From the Government of India of Taxes Paid Outside India: ITAT Mumbai October 4, 2021
Posted inJUDGEMENT Order of the AO Imposing Penalty on Assessee Under Section 271AAB of the Income Tax Act Does Not Pass the Mandate of the Provisions of Section 271AAB of the Act. So Appeal of the Assessee is Allowed: ITAT Patna October 3, 2021October 3, 2021
Posted inJUDGEMENT There is No Employer- Employee Relationship If Doctor is Paid on the Basis of Patients Attended: ITAT October 1, 2021October 1, 2021
Posted inJUDGEMENT Only Amount Reflected in Form 26AS Does Not Mean that Assessee is the Actual Beneficiary Unless It is Established: ITAT September 30, 2021September 30, 2021
Posted inJUDGEMENT As the Activities of the Assessee are Under the Statutory Obligation under Development Act 1973, The Activities Can Not be Treated as Trade, Commerce or Business: ITAT Agra September 28, 2021September 28, 2021
Posted inJUDGEMENT The Commissioner has to Re-Examine the Application of the Assessee Because He Rejected the Assessee’s Application Without the Opportunity of Being Heard: ITAT Agra September 27, 2021September 27, 2021
Posted inJUDGEMENT CIT Has Rejected the Appeals Without Hearing the Assessee, So We are Giving Opportunity of Being Heard to the Assessee: ITAT Agra September 24, 2021
Posted inJUDGEMENT Must Read: Assessee Gets Relief From ITAT Agra Due to Word “May” as Used in Section 69 of the Income Tax Act [Read Order] September 23, 2021September 23, 2021
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